agabaI23:
Let me respond to your first highlight about fixing the refineries.

I don't know if you have heard story about turn around maintenance.

Let me start from 2012. I have argued this with Jaybee3 before
This woman and GEJ wanted the subsidy to go because there was no need for it. NOI saw through the fraud but APC latched on it and you occupied Lagos until it was reversed. You requested for new refineries and fixing of old ones. Rightly she told you that government had no business in refining that if subsidy was removed, businessmen would ordinarily build refineries.

About fixing the the existing refineries, they contacted the original company that built them. They declined but referred them to another company. The second company accepted to do the work and charged $800 million. When asked to guarrantee that the refineries would work to 100% capacity and for a given number of years, they refused. Then this woman decided to build local capacity and had been doing.

She assembled local Engineers, contracted a local firm that was paid "only" $10 million. They understudied the refineries and started TAM in October 2014. The result was what you witnessed around June-July with the coming to stream of most of the refineries.

I am sure Johnnie Walker would have disbanded that team as he is known to do and we are where we are today.. Ask before you cast stones. You were owned by APC..You were misinformed.. Enjoy

Stop giving excuses sir...

Quakertellicus1:


If the APC does not build new refineries....or even start construction....then we should vote them out in 2019.

They could do them as Public Private partnerships.....

ahmadmuhammadmu:
My oga u too dey lie

loomer:


2019 na 3years plus from now o. Make u no think say e far

loomer:


2019 na 3years plus from now o. Make u no think say e far

Quakertellicus1:


You know something....why apologize to a woman who did nothing about the mess in NNPC....especially the fact that because we did not properly fix the refineries and add new ones under her rule.....we are in this mess.

1.You are paying N180 for fuel(it is still N86.50 in major marketers and NNPC fuel stations....higher in some independent marketers)....because the fuel subsidy.....WHICH YOU DO NOT WANT REMOVED....and which your new hero supported its removal....is preventing marketers from making profits....so as a result....they have to sell much higher than official price....or else they won't have the dollars needed to import.

2.Have you ever thought why we do not have the dollars for imports? It is because oil prices have fallen....so we can no longer waste dollars on everything.....we need it to keep up the naira....so that you sports fans wont be paying N100000 for a loaf of bread.

And if the subsidy goes.....you would be paying far higher for fuel. So...why are you complaining. Do you expect APC to diversify the economy in 10 months....when PDP and your new heroes did not do it in 16 years?

3.Ask your new hero why no new refineries were built? Even if the ones we have are working at full capacity....we would still need to import 23 million liters of fuel every day. And the reason prices stayed at N97-N87 per liter during her time was because...we had the dolalrs to import and subsidze the fuel at the same time. Now we do not...and now the decisions we made not to build new refineries has come back to haunt us.

4.Ask your heroes why at the end of their rule...they were still owing money to the marketers? That is why they refused to import...they were owing so much that they were in debt...and they still owe. Because....we no longer have the dollars to import since oil prices fell.

5.And is it now you are noticing we bought fuel at higher prices. I bought fuel at N102-110 during GEJ's time. I even know of people who bought fuel at N170 in Minna during GEJ time. And fuel in SE and SS was above N150 during GEJ's time. Indeed...it was only Lagos and Abuja that sold fuel at N97 during GEJ's time....in the very outskirts of ABuja.....fuel was sold as high as N140. during gej'S TIME.

6.What would solve this problem is ......removal of subsidy. But that would put prices of fuel above N150....the same price you are complaining about....but fuel would flow. You are complaining about high prices....and yet...you paradoxically do not want the actual solution to your problem....apart from five new refineries?

Nigeria needs at least 23 million extra liters per day...in addition to the new 17 million liters of fuel per day.Some even put it at 53 million extra liters per day!

Abeg...why apologize to someone who spent all the time in office doing nothing to solve the problem....and hiding the problem via massive dollar influx to import fuel to paper the cracks. Nigeria needs new refineries and removal of subsidy. Things that your new heroine did not do ...and before anyone calls me zombie....things that the new APC govt must do if they want to sort this issue out once and for all.

Nigerians....

TheGoodJoe:


This is a global problem for Crude Oil Producing Countries. So thinking voting out will solve the problem is a joke.

Quakertellicus1:


And in response...from Vanguard May 21 , 2014.....

http://www.vanguardngr.com/2014/05/78-nigerians-buy-petrol-n97-per-litre-survey/

Opinion poll conducted by an independent firm, the NOIPoll Limited, has revealed that over 78 per cent of Nigerians bought petrol above the official pump price of N97 per litre between January and March, 2014.


And wait...there is more...

The quarterly average Q1 shows that the majority 53 per cent purchased petrol above the official pump price of N97 with the highest obtained in the North-East and South-East zones; while 44 per cent purchased at the official price.

Quakertellicus1:


For now...they would have to deregulate the downstream sector.

That means high prices....but fuel would flow...because the marketers would have enough naira to purchase enough dollars to import fuel.

They sell to black marketers because they do not make enough to make a good profit.

kasid:
Where is d profit,if my employee can make 10 million and at the end i realised he/she pocketed or wasted almost 1 billion naira,then i should start celebrate with somebody like Deziani instead i will rather celebrate with Akinwumi (former minister of Agricuture). What pple do not know is that our system is not working,unless if fuel scarcity was not happened during GEJ,then i will say APC are not trying,A yr compare to 16yrs.

loomer:


All I ask for the country na drastic revolution, let all these politicians, APC/PDP leave politics for young people with vibrant mind.

People wey fit think ahead.

Cos truth be told, with young blood, e go take more than 6years for nigeria to get back on her feet again, and with these old men and women wey don rule and still dey rule, e go take longer

Quakertellicus1:


They still are paying the subsidy claims from last year...there was such a backlog....plus....they removed the subsidy because oil prcies fell so low...but brought it back when the prices went up.

And read the last bit of my original post....to see where I said APC should do something about it.

Scholes007:
EXCUSES!! APC's weakness is blame this and that on GEJ OR PDP which is wrong. The best thing they can do is let their work speak for them. You can't hide from your failures and expect good results.

jeytee:



Your awful English makes your point vague...dieziani was a theif no doubt but during her time things were not this bad...I Hope this current scarcity doesn't become worse...if it was the case of petrol being available but costly this =better.
Unfortunately,now there's no fuel,the little one can get after queuing for hours is costly and even the fuel pump has been adjusted so a litre is not a litre + the economy is tight...where is the money to buy the fuel.....I'm no supporter of Goodluck but I hope Buhari starts delivering soon...

Nigerians are suffering honestly..imagine this kind of queue for fuel

TheGoodJoe:



Truth be told, the young minds are dull and lazy. They are not ready to take the bull by the horn and get things working.

Go to your publication on economic matters. You see the older ones writing and proferring ideas.

We have the Social media outlets, how many of our young economic graduates, some with first class degrees are writing and proferring solutions?

They just sit down and abuse Buhari.

Look at what Ifeanyi Ubah did when the dollar rose at exponential rates. How many young ones pinpointed and came up with ideas to face the challenges.

Until I stop reading write ups from Pat Utomi, Oby Ezekwesili and Professor Soludo, these guys will continue ruling.

Scholes007:
EXCUSES!! APC's weakness is blame this and that on GEJ OR PDP which is wrong. The best thing they can do is let their work speak for them. You can't hide from your failures and expect good results.

SweetJoystick:
Super story...people really do forget easily, during her tenure, businesses were shutting down... banks, radio and TV stations, to flights being cancelled....yet nothing as such is yet to happen in the current administration.

However, the current situation needs to be addressed urgently so as not to get to the level of what Nigerians went through during the tail end of her tenure.

loomer:


Give them the chance and let them prove u right that they are lazy and useless.
By the way, you no dey among the youths? Are you lazy?
Let them give u the opportunity and let's see if you won't take the bull by the horn?

mightyhazel:
Fuel na 235 for my place





Spent exactly 42300 generating elctricity for my offices. Dis week alone!

Brother where do you reside?

B/cos here in calabar, we have steady power supply.

And we thank God for giving us #NorthWest stations.
....control price since the scarcity started







Not 2 talk of fuelling my vehicles and generating set at home!














I commiserate wit nigerians on ds epic scam!

SweetJoystick:
Super story...people really do forget easily, during her tenure, businesses were shutting down... banks, radio and TV stations, to flights being cancelled....yet nothing as such is yet to happen in the current administration.

TheGoodJoe:



I am not an economist. Sometimes I wish I was. There is no way I would see my country in this situation and I would fold my arms.

This affects everyone. All hands must be on deck.

We have hundreds of thousands of economist and we do not see articles popping up on sites and blogs.

We do not see economists on forums proferring solutions.

Unfortunately, I am not an economist.

Tinyemeka:


Sorry sir. Kindly refresh my memory. Which bank, radio and TV station are you talking about?

Quakertellicus1:


You know something....why apologize to a woman who did nothing about the mess in NNPC....especially the fact that because we did not properly fix the refineries and add new ones under her rule.....we are in this mess.

1.You are paying N180 for fuel(it is still N86.50 in major marketers and NNPC fuel stations....higher in some independent marketers)....because the fuel subsidy.....WHICH YOU DO NOT WANT REMOVED....and which your new hero supported its removal....is preventing marketers from making profits....so as a result....they have to sell much higher than official price....or else they won't have the dollars needed to import.

2.Have you ever thought why we do not have the dollars for imports? It is because oil prices have fallen....so we can no longer waste dollars on everything.....we need it to keep up the naira....so that you sports fans wont be paying N100000 for a loaf of bread.

And if the subsidy goes.....you would be paying far higher for fuel. So...why are you complaining. Do you expect APC to diversify the economy in 10 months....when PDP and your new heroes did not do it in 16 years?

3.Ask your new hero why no new refineries were built? Even if the ones we have are working at full capacity....we would still need to import 23 million liters of fuel every day. And the reason prices stayed at N97-N87 per liter during her time was because...we had the dolalrs to import and subsidze the fuel at the same time. Now we do not...and now the decisions we made not to build new refineries has come back to haunt us.

4.Ask your heroes why at the end of their rule...they were still owing money to the marketers? That is why they refused to import...they were owing so much that they were in debt...and they still owe. Because....we no longer have the dollars to import since oil prices fell.

5.And is it now you are noticing we bought fuel at higher prices. I bought fuel at N102-110 during GEJ's time. I even know of people who bought fuel at N170 in Minna during GEJ time. And fuel in SE and SS was above N150 during GEJ's time. Indeed...it was only Lagos and Abuja that sold fuel at N97 during GEJ's time....in the very outskirts of ABuja.....fuel was sold as high as N140. during gej'S TIME.

6.What would solve this problem is ......removal of subsidy. But that would put prices of fuel above N150....the same price you are complaining about....but fuel would flow. You are complaining about high prices....and yet...you paradoxically do not want the actual solution to your problem....apart from five new refineries?

Nigeria needs at least 23 million extra liters per day...in addition to the new 17 million liters of fuel per day.Some even put it at 53 million extra liters per day!

Abeg...why apologize to someone who spent all the time in office doing nothing to solve the problem....and hiding the problem via massive dollar influx to import fuel to paper the cracks. Nigeria needs new refineries and removal of subsidy. Things that your new heroine did not do ...and before anyone calls me zombie....things that the new APC govt must do if they want to sort this issue out once and for all.

Nigerians....

Quakertellicus1:


You know something....why apologize to a woman who did nothing about the mess in NNPC....especially the fact that because we did not properly fix the refineries and add new ones under her rule.....we are in this mess.

1.You are paying N180 for fuel(it is still N86.50 in major marketers and NNPC fuel stations....higher in some independent marketers)....because the fuel subsidy.....WHICH YOU DO NOT WANT REMOVED....and which your new hero supported its removal....is preventing marketers from making profits....so as a result....they have to sell much higher than official price....or else they won't have the dollars needed to import.

2.Have you ever thought why we do not have the dollars for imports? It is because oil prices have fallen....so we can no longer waste dollars on everything.....we need it to keep up the naira....so that you sports fans wont be paying N100000 for a loaf of bread.

And if the subsidy goes.....you would be paying far higher for fuel. So...why are you complaining. Do you expect APC to diversify the economy in 10 months....when PDP and your new heroes did not do it in 16 years?

3.Ask your new hero why no new refineries were built? Even if the ones we have are working at full capacity....we would still need to import 23 million liters of fuel every day. And the reason prices stayed at N97-N87 per liter during her time was because...we had the dolalrs to import and subsidze the fuel at the same time. Now we do not...and now the decisions we made not to build new refineries has come back to haunt us.

4.Ask your heroes why at the end of their rule...they were still owing money to the marketers? That is why they refused to import...they were owing so much that they were in debt...and they still owe. Because....we no longer have the dollars to import since oil prices fell.

5.And is it now you are noticing we bought fuel at higher prices. I bought fuel at N102-110 during GEJ's time. I even know of people who bought fuel at N170 in Minna during GEJ time. And fuel in SE and SS was above N150 during GEJ's time. Indeed...it was only Lagos and Abuja that sold fuel at N97 during GEJ's time....in the very outskirts of ABuja.....fuel was sold as high as N140. during gej'S TIME.

6.What would solve this problem is ......removal of subsidy. But that would put prices of fuel above N150....the same price you are complaining about....but fuel would flow. You are complaining about high prices....and yet...you paradoxically do not want the actual solution to your problem....apart from five new refineries?

Nigeria needs at least 23 million extra liters per day...in addition to the new 17 million liters of fuel per day.Some even put it at 53 million extra liters per day!

Abeg...why apologize to someone who spent all the time in office doing nothing to solve the problem....and hiding the problem via massive dollar influx to import fuel to paper the cracks. Nigeria needs new refineries and removal of subsidy. Things that your new heroine did not do ...and before anyone calls me zombie....things that the new APC govt must do if they want to sort this issue out once and for all.

Nigerians....

loomer:


What are you then? Don't you have ur area of expertise? Must you be an economist to impact on the economy of the country or be part of the peopl that made the country great again?

Wetin fashola know as power minister, yet he's there.
Which means you and I also can do stuffs if allowed to.